Onex-owned Emerald Expositions prices IPO, secondary sale

Emerald Expositions Events Inc, a U.S. operator of business-to-business trade shows, has announced the pricing of its recently filed initial public offering. The company, which expects to begin trading today on the New York Stock Exchange under the symbol EEX, is looking to raise as much as US$356.5 million from the IPO, according to a U.S. regulatory filing. The offering includes a secondary sale by Emerald backer Onex Corp, a Canadian private equity firm. Onex, which acquired Emerald in 2013, said it expects to see about US$85 million in proceeds. The investor continues to hold a 78 percent economic interest in the company.

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